My Size, Inc. (NASDAQ:MYSZ) Sees Significant Growth in Short Interest

My Size, Inc. (NASDAQ:MYSZ) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 22,700 shares, an increase of 243.9% from the February 13th total of 6,600 shares. Based on an average daily volume of 2,610,000 shares, the short-interest ratio is currently 0.0 days. Currently, 3.8% of the company’s stock are short sold.

My Size Stock Up 0.8 %

Shares of MYSZ traded up $0.01 during trading hours on Friday, hitting $1.26. The company had a trading volume of 33,186 shares, compared to its average volume of 732,674. My Size has a one year low of $1.05 and a one year high of $9.40. The company’s fifty day moving average price is $2.04 and its two-hundred day moving average price is $1.94. The company has a market capitalization of $1.59 million, a PE ratio of -0.18 and a beta of 0.25. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.04.

Insider Buying and Selling at My Size

In other news, CEO Ronen Luzon sold 6,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $5.21, for a total value of $31,260.00. Following the completion of the sale, the chief executive officer now owns 44,000 shares in the company, valued at approximately $229,240. The trade was a 12.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On My Size

A hedge fund recently bought a new stake in My Size stock. National Bank of Canada FI acquired a new position in My Size, Inc. (NASDAQ:MYSZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,918 shares of the company’s stock, valued at approximately $55,000. National Bank of Canada FI owned about 1.03% of My Size as of its most recent SEC filing. 27.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price objective on shares of My Size from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, November 18th.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven software as a service measurement solutions for fashion ecommerce companies in Israel, Spain, and internationally. It operates through Fashion and Equipment E-Commerce Platform, and SaaS Solutions segments. The company offers Size Form, which generates accurate measurements to find proper fitting clothes and accessories; First Look Smart Mirror, a solution for brick and mortar stores that allows customers to filter the whole physical store by their size and fit; Smart Catalogue, a solution that suggests the launch of new sizes, detects new product niches, and allows brands to adapt their assortment to their customer base; and True Feedback solution.